Price growth strong across all regions
Annual property price growth in the South East is significantly stronger than a year ago, as the shortage of property to buy continues to support prices. Agents across the region report the current sales to stock ratio remains high (RICS), with properties selling in just 39 days.
Double-digit property price growth is evident in seven areas of the South East Home Counties: Kent and East Sussex. Hastings and Eastbourne are currently the strongest performing areas.
Surge in sales
It is estimated 880,000 property sales took place across the UK in the first six months of 2021, the highest half year total ever recorded and 50% higher than the same period in 2019 (HMRC). It is anticipated sales will top 1.5 million over the course of the year. Buyers have been spurred on by a desire for change and financial savings as a result of taxation ‘holidays’, with over 60% paying no tax on their purchase.
In the South East Home Counties, the most active housing markets over the past year have been in Tonbridge and Malling, Wealden and Ashford.
Space to be
The search for space continues to drive many buying decisions. As businesses adopt more flexible ways of working, blended working patterns are set to become the norm for many, and personal wellbeing has shot up the agenda. The local environment, gardens, greater internal square footage and a demarcated space to work from home, all continue to be deemed more important property features in a new home.
Properties for sale in the Kent and East Sussex regions of the UK
Crowborough, East Sussex, 4 bedrooms
This much-loved and nicely presented family home is set in a family friendly development, just minutes away from the village centre. The ground floor accommodation offers a downstairs W.C., a sitting/dining room, an improved kitchen and a garage that has been converted to create a further reception room and utility room. Externally, to the front is the huge benefit of off-road parking and to the rear is a westerly-facing garden with paved and decked areas, ideal for outside entertaining.
Hildenborough, Kent, 3 bedrooms
This property is one of eight attached family homes, built in a courtyard setting, and designed to complement the original period features of the existing mansion, enjoying the use of communal grounds of about 20 acres and two tennis courts. This property offers spacious and versatile family accommodation with attractive rear garden overlooking part of the grounds.
Otham, Kent, 3 bedrooms
This charming period cottage is situated amidst secluded gardens, enjoying fine views of the surrounding countryside. The cottage is believed to be mid-18th century, having most attractive elevations of Kentish ragstone and tile hanging, under a Kent-peg tiled roof. The property has the benefit of oil fired central heating, double-glazed windows and a wealth of exposed timbers. The gardens are a distinct feature of the property, with the added benefit of a detached garden office/studio.
Make the most of double-digit property price growth with the best estate agent in your area. Contact your local Guild Member today.